财务会计 英文选择题.docx

1、财务会计 英文选择题1. In which of the following depreciation methods are the depreciation costs the highest in the first year of the assets life?Choose onea. decreasing residue methodb. production method of depreciationc. under none of the above depreciation methodsd. linear depreciation methodA2. Are not ex

2、ternal users of accounting information:Choose onea. tax authoritiesb. suppliersc. trade unionsd. potential investorse. managersf. current creditorsE3.Which of the following does NOT belong to the minimum required information to be presented on the face of the statement of comprehensive income in acc

3、ordance with International Financial Reporting Standards?Choose onea. the dividends distributed during the yearb. tax costsc. components of other comprehensive incomed. incomee. total comprehensive income for the periodf. profit or loss from discontinued operationsg. financial costsF4. The variable

4、overhead costs are:Choose onea. those direct and indirect (indirect) costs that directly depend on changes in production volume, such as direct and indirect laborb. all major technological costs of productionc. any additional production costsd. those indirect costs that change directly or almost dir

5、ectly depending on changes in production volume, such as indirect labor and indirect materialse. those direct costs that change directly or almost directly depending on changes in production volume, such as direct labor and direct materialsD5.Which of the following is NOT a criterion for classifying

6、 a liability as current?Choose onea. the liability is held primarily for commercial purposesb. the liability is expected to be settled within 12 m after the end of the reporting periodc. the enterprise has no unconditional right to postpone the settlement of the obligation by at least 12 months afte

7、r the end of the reporting periodd. the liability is expected to be settled within the normal operating cycle of the entitye. there is no correct answerE6. At the end of the reporting period it is established that the provision accrued during the previous reporting period was overestimated by BGN 20

8、,000. What accounting item should be drawn up in this case?Choose onea. Debit account Provisions for warranty service 20 000, Credit account Other income 20 000b. Debit account Provisions for warranty service 20 000, Credit account Sales revenues 20 000c. Debit account Provisions for warranty servic

9、e 20 000, Credit account Other expenses 20 000d. Debit account Expenses for provisions (20 000), Credit account Provisions for warranty service (20 000) - by the red reversal methodD7.Which of the following is NOT an outgoing cash flow from investing activities for a manufacturing enterprise?Choose

10、onea. Repurchase of own sharesb. Cash payments for the purchase of a software productc. Loan granted to a subsidiaryd. Cash payments for the purchase of investments in associatese. All of the above are cash outflows from investing activitiesf. Advance paid for the purchase of a machineE8. The accoun

11、ting of the impairment of materials is as follows:Choose onea. We debit the account Expenses for impairment of inventories and credit the account Impairment of materials, but with negative amountsb. We debit the account Impairment of materials and credit the account Expenses for impairment of invent

12、oriesc. We debit the Materials account and credit the Materials Impairment accountd. We debit the account Impairment of materials and credit the account Expenses for impairment of inventories, but with negative amountse. We debit the account Expenses for impairment of inventories and credit the acco

13、unt Impairment of materialsf. We debit the account Impairment of materials and credit the account Other expensesB9. The initial malt on the account Provisions for warranty service is BGN 12,000. The accrued expenses for provisions during the reporting period are BGN 45,000. the following accounting

14、item is drawn up:Choose onea. Debit account Costs for provisions 60 000, Credit account Provisions for warranty service 60 000b. Debit account Provisions for warranty service 45 000, Debit account Other expenses 15 000, Credit account Cash 60 000c. Debit account Provisions for warranty service 57 00

15、0, Debit account Expenses for provisions 3 000, Credit account Cash 60 000d. Debit account Expenses for provisions 60 000, Credit account Cash 60 000e. Debit account Provisions for warranty service 60 000, Credit account Cash 60 000f. Debit account Provisions for warranty service 45 000, Debit accou

16、nt Expenses for provisions 15 000, Credit account Cash 60 000F10.Which of the following is NOT a component of equity?Choose onea. fixed capitalb. legal reservesc. revaluation reserved. uncovered loss from previous yearse. financing for the acquisition of a tangible fixed assetf. premium reserveE11.

17、What accounting item is compiled for reporting a received bank loan in the amount of BGN 120,000. Upon concluding the loan agreement, the enterprise has paid a management fee for the banks tariff in the amount of BGN 6,300?Choose onea. Dt s / ka Skonto by financial instruments 6 300 and Dt s / ka Cu

18、rrent account in BGN 113 700; Long-term bank loans received 120,000b. Dt s / ka Current account in BGN 120,000; Kt s / ka Long-term bank loans received 120 100c. Dt s / ka Received long-term bank loans 120,000; Kt s / ka Skonto by financial instruments 6 300 and Kt s / ka Current account in BGN 113

19、700d. Dt s / ka Current account in BGN 113,700; Long-term bank loans received 113,700C12. For which inventory do special accounting regulations apply, given its characteristics?Choose onea. unfinished construction under construction contractsb. delivery of goods by importc. unfinished delivery of au

20、xiliary materialsd. combustible materialse. productsf. work in progressA13.Which of the following statements concerning the exchange of a tangible fixed asset for another asset is true?Choose onea. The cost of acquiring the asset received is equal to the carrying amount of the leased asset, less any

21、 payments made by the enterprise, plus the payment received by the company that leases the asset to the enterprise.b. If the asset is acquired for exchange with another non-monetary asset or with a combination of monetary and non-monetary assets, then the acquisition cost is the fair value of the le

22、ased assetc. If the asset is acquired in exchange for another non-monetary asset or a combination of monetary and non-monetary assets, then the acquisition cost is the fair value of the asset received if the transaction is of a non-commercial natured. A transaction is considered to be of a commercia

23、l nature if the cash flow scheme associated with the asset received, in terms of time, amount and risk, coincides with the cash flow scheme of the leased asset.e. If the fair value of the asset received cannot be determined, then the cost of acquisition is equal to the carrying amount of the leased

24、asset, adjusted for cash payments.f. All these statements are not trueE14.Which of the following is NOT incoming cash flow from operating activities?Choose onea. Cash receipts from sale of productsb. Cash receipts of an insurance company from insurance premiumsc. Dividends received from holding comp

25、aniesd. Cash receipts from commissionse. Interest received on loans from a financial institutionf. All specified cash inflows are from core businessC15.Which of the following methods for writing off inventories and determining the cost of sales is NOT eligible under International Financial Reporting

26、 Standards?Choose onea. last incoming, first outgoing priceb. all the listed assessment methods are acceptablec. method of specific identificationd. first incoming, first outgoing pricee. floating weighted average priceA16. The cancellation of impairment of materials reported in previous reporting p

27、eriods may occur as:Choose onea. We debit the account Impairment losses and credit the account Impairment of materialsb. We debit the Materials account and credit the Materials Impairment accountc. We debit the account Impairment of materials and credit the account Other incomed. We debit the accoun

28、t Impairment of materials and credit the account Recovered impairmente. We debit the Materials account and credit the Impairment losses accountf. We debit the account Impairment of materials and credit the account Impairment costs, but with negative amountsg. We debit the account Impairment of mater

29、ials and credit the account MaterialsF17.If the fair value less costs to sell of an item of property, plant and equipment exceeds its carrying amount, it:Choose onea. its value in use must be determinedb. the present value of the deferred sale value must also be calculatedc. the asset is not impaire

30、d and it is not necessary to determine its value in used. it must be assumed that the asset is impairedC18. Research costs incurred by the enterprise:Choose onea. should be recognized as an intangible assetb. they must be recorded as current expenses for the period in which they are incurredc. shoul

31、d be accounted for as a reduction in development costsd. must be accounted for as an expense for future periodsB 19.Which of the following information should NOT be disclosed in the notes to the financial statements based on International Financial Reporting Standards?Choose onea. managements estimates to determine accounting estimatesb. the basis for the preparation of the financial statements of the enterprisec. selected accounting policies of the enterprised. the total amount of dividends offered or declared prior to the approval of the financial statements for publication